Democrats are opposing Republican tax cuts partly on the basis that they will expand the US budget deficit. That's the wrong argument to make — not just now but in any low-inflation environment. The right argument against the plan is that it's skewed toward the wealthy and includes changes that won't benefit the economy. "There are better ways to invest in our economy," says Stephanie Kelton, a former chief economist for the Senate Budget Committee's Democratic staff. "Investing in our...


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